Rathbone Brothers (RAT.L) 04-03-20
Rathbone Brothers (RAT.L) has fallen dramatically from recent highs of 2540p. Will it continue, or is this an opportunity to pick up a bargain?
- Now trading at 1678p (at time of writing). A return to previous highs would represent a rise of 51%.
- This stock is one of the most significant fallers in the period.
- Is the trend your friend, or is a bounce imminent?
- The market often over-reacts to bad news. Investors should consider whether it is down for good reason, or is this another over-reaction?
- Investors seeking a bargain should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
- Shares -33% from 12-month highs; +1% from 12 month lows.
Latest News
24 Feb: Jefferies International reiterates its underperform rating on Rathbone Brothers (RAT) and reduced the target price to 1710p (from 1810p).
21 Feb: Liberum Capital reiterates its hold rating on Rathbone Brothers (RAT) and reduced the target price to 2039p (from 2100p).
20 Feb: RBC Capital Markets reiterates its outperform rating on Rathbone Brothers (RAT) and reduced the target price to 2220p (from 2240p).
20 Feb: Rathbone Brothers said in its preliminary results that funds under management increased 14.3% in 2019, reaching £50.4 billion. Funds under management in its investment management business increased by 11.7%.
24 Jan: RBC Capital Markets has upgraded its rating on Rathbone Brothers (RAT) to outperform (from sector performer) and reduced the target price to 2240p (from 2450p).
13 Jan: Liberum Capital reiterates its hold rating on Rathbone Brothers (RAT) and increased the target price to 2100p (from 2070p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires